DID JOHN NOEL MARCHESO CAUSE YOU INVESTMENT LOSSES?
John Marcheso Of Centaurus Financial, Inc. Has 4 Customer Complaints For Alleged Broker Misconduct
John Marcheso Customer Complaints and Reviews
John N. Marcheso has been involved in several disclosure events, specifically four customer disputes. Here are the details of each incident:
- Customer Dispute 1: In a complaint filed on May 4, 2022, clients alleged that from 2013 onwards, Marcheso recommended unsuitable, high-risk, and illiquid investments, focusing particularly on oil, gas, and real estate securities. The claimed damages were $1,000,000, and the case was settled on November 3, 2023, for $400,000, with no financial contribution from Marcheso. He denied all allegations but the broker/dealer settled to avoid protracted proceedings.
- Customer Dispute 2: On June 26, 2020, another customer claimed that Marcheso recommended unsuitable real estate securities investments. The customer alleged damages of $50,000, with the dispute being settled for $14,750 on August 6, 2020. Again, Marcheso denied wrongdoing, and the settlement was made without his monetary contribution.
- Customer Dispute 3 (Pending): Filed on December 13, 2023, this ongoing case involves allegations of unsuitable investments in various illiquid alternative investments. The claimant seeks unspecified compensatory damages, and Marcheso has denied all allegations, asserting that all investments were suitable and well-documented.
- Customer Dispute 4 (Pending): Initiated on September 8, 2023, this complaint involves an allegation of recommending an unsuitable investment with poor performance, with alleged damages of $73,000. As with other cases, Marcheso has denied any wrongdoing.
Allegations Against John Marcheso
The allegations against John N. Marcheso in the context of regulatory actions, or customer complaints include:
- Over-concentration and recommendation of unsuitable, high-risk, and illiquid investments.
- Recommending unsuitable investments that resulted in significant alleged losses for clients.
- Denying all allegations of wrongdoing in each case, with assertions that investments were suitable based on client objectives and that all transactions were conducted with proper documentation and client understanding.
John Marcheso Red Flags & Your Rights As An Investor
Of course, John Marcheso did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of John Marcheso at Centaurus Financial, Inc. on alert to review carefully the activity and performance of their accounts and question whether John Marcheso has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Centaurus Financial, Inc. also raises questions about the brokerage firm’s supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.
Did You Lose Money Because of Broker Misconduct?
If you have lost money due to negligence or fraud by a stockbroker or advisor, the easiest way to know if you have a case is to call our office at 800-732-2889. Our investment fraud attorneys will evaluate your claim for free and let you know if we can help you recover your losses.
Need Legal Help? Let’s talk.or, give us a ring at 561-338-0037.
File A Claim To Recover Your Investment Losses At Centaurus Financial, Inc. Due To John Marcheso
If you have questions about Centaurus Financial, Inc. and/or John Marcheso and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.
Rate this Post
Loading...